46816, Fort Wayne, IN

Fort Wayne, Indiana is a city located in the northeastern corner of the state. As of the 2010 census, the city had a population of 210,912. The city is home to Indiana University-Purdue University Fort Wayne (IPFW), one of two public universities in Indiana.

The zip code 46816 includes most of Fort Wayne and extends into Allen County. The median household income in zip code 46816 was $51,811 in 2013 according to data from the U.S. Census Bureau. Home prices in zip code 46816 increased by 5% from 2012 to 2013 according to data from Trulia.com. In comparison, home prices nationwide increased by 3%.

There are many factors that contribute to home price increases in a particular area including demand and availability of homes, interest rates, and local economic conditions. In general, areas with high incomes and low unemployment rates tend to have higher home prices than areas with lower incomes and high unemployment rates. Additionally, areas with more jobs and businesses tend to have higher home prices than areas with fewer jobs and businesses.

The majority of homes in zip code 46816 are single family homes which may be indicative of the relatively high median household income in this area compared to other parts of the country where multi-family housing is more common. There are also a number of condominiums and townhomes available for purchase within this zip code which may also be indicative of the relatively high incomes enjoyed by residents here compared to other parts of the country where single family housing is more prevalent